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One driver in the marketplace

Posted by steve on 23rd of Apr 2024 at 09:48 pm

One driver in the marketplace not often mentioned are corporate buybacks - simply feeding the money loop.  Expected to be $1.15 Trillion this year according to GS 

DELL Updated View

Posted by steve on 23rd of Apr 2024 at 09:24 pm

I think you just answered

FUTU, AQST

Posted by steve on 23rd of Apr 2024 at 09:24 pm

I think you just answered your own question - when an idea appears YOU can simply take a moment to peruse such sources and make such determination yourself - it's in the eye of the beholder as to certain fundamentals.   This is a technical website and we are already stretched to the hilt on time but we would welcome any additional insight you or anyone else may have relating to any such security.   Ironically, many of the big runners I have seen over the past year plus have little to weak fundamentals and/or extreme valuations historically but they get swept in the passive investing scheme as so eloquently outlined by David Einhorn. 

Cannabis names CGC and ACB

Posted by steve on 23rd of Apr 2024 at 09:17 pm

Cannabis names CGC and ACB ramped again today

Here are two examples of horrid fundamentals - yet the degens cannot get enough 

OSCR Updated View

Posted by steve on 23rd of Apr 2024 at 09:15 pm

Personally - I do a

FUTU, AQST

Posted by steve on 23rd of Apr 2024 at 09:06 pm

Personally - I do a fundamental overlay (in some degree on anything I'm considering swinging) but Digi we only have so much time.   It takes a fair amount of time to perform even a brief fundamental review (not just some glance at historical figures which are often mistaken).  Do you have any idea how long it takes to organize a comprehensive nightly newsletter annotating charts and then recording?   What other site does that on a daily basis as well as provides comments all day in the trading community?  Answer: NONE and even those that perform 1/10 of that charge considerably more each month.  So please take that into consideration and be realistic with such expectations. 

Thanks for all the contributions

Posted by steve on 23rd of Apr 2024 at 04:31 pm

Thanks for all the contributions (charts,  etc) here everyone...off to the gym

DELL Updated View

Posted by steve on 23rd of Apr 2024 at 04:18 pm

ES 60 minute divergence leading

Posted by steve on 23rd of Apr 2024 at 02:54 pm

ES 60 minute divergence leading to a pullback here 

CLSK Updated View

Posted by steve on 23rd of Apr 2024 at 02:53 pm

CLSK - Chart Link - mastermind - this one is still chugging 

That was a reply to

Steve, Is it a good time to  sell DUST?

Posted by steve on 23rd of Apr 2024 at 02:46 pm

That was a reply to Fluffy post where he stated he blew up his account via simulator -  not to you,  so please review closely to avoid any confusion. 

UNG Views

Posted by steve on 23rd of Apr 2024 at 02:39 pm

Certainly a possibility - others look for volume percentage confirmation (The IBD method).  Need a minimum of 80% UVOL - also note the NYSE and DJI are testing their respective 20/21 EMAs

LPG Updated View - FLUFFY TAKE TIME TO REVIEW CLOSELY

Posted by steve on 23rd of Apr 2024 at 01:32 pm

LPG - Chart Link- fluffy - the trigger here was one penny above yesterday's high - once triggered an immediate stop would be placed below yesterday's low which aligns nicely with support of the 20 day MA.  First target would be the upper BB/prior highs.   Notice that price did not gap above trigger which complicates the process. Now that price has moved up one should adhere to their plan which for me would be trailing up stop tight on at least a portion (or selling a few near target)  and moving stop to breakeven on balance.   This depends upon ones objectives. 

One reason you have likely blown up that account is you have yet to establish a PLAN that incorporates a systematic approach including valid reasons for entry such a valid support and resistance and/or valid patterns (followed by triggers), realistic targets and appropriate stops levels. 

Objectives - what are you attempting to accomplish in terms of gains on your portfolio.   Just broadly speaking. 

Risk Tolerance - how much are you willing to risk to obtain your objectives. 

A specific example would be on a trade - what percentage gain are you looking to achieve?  What are you willing to risk to meet that target?    

GDX 120 Additional Comments

Posted by steve on 23rd of Apr 2024 at 12:54 pm

GDX - Chart Link- this would relate to one trading DUST.  

Take time to map out your levels AHEAD of entry so you are prepared to act in the heat of battle.  

ES has now spent 2

4/26 ES Levels June Contract  (ESM24) 

Posted by steve on 23rd of Apr 2024 at 12:48 pm

ES has now spent 2 hours in the noted resistance zone

fluffycone - we spend countless hours reviewing (teaching tidbits) here and in newsletters but one must apply such teachings in accordance with their specific objectives and risk tolerance.  Unlike a Math equation - there is not one simple answer.   I'd be happy to review a detailed question with all the data points provided along with the risk tolerance employed by the trader.  But this takes time and is very difficult during market hours when things are moving.  I'm trying to share information here that is most relevant during trading hours such as key support resistance zone on the SPX which tends to impact many holdings.  

Sure, but please be specific with questions including your risk tolerance and entries  Asking a question like is it a good time to sell DUST is far to vague without knowing risk tolerance, etc.   This is NOT a math equation.  Also it's hard for me to review specific stocks/ETFs in a timely manner when I have not time to review properly.     

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